This is the Cato Daily Podcast for Monday, October 19th, 2015. I'm Caleb Brown.

Senator Bernie Sanders calls himself a Democratic socialist and calls for the U.S. to be more like countries like Denmark.

Cato's Marion Tupi and Emily Eekins discussed the most recent Democratic debate with

specific reference to the struggle between socialists and capitalists within the Democratic Party.

Bernie Sanders in the Democratic debate from last week talked about Democratic socialism.

He described himself as a Democratic socialist and he describes

Democratic socialism is about saying that it is immoral and wrong for the top one-tenth

of 1% of this country to own almost as much

wealth as the bottom 90 percent.

That is wrong today in a rigged economy that 57 percent of all new income is going to the top 1%. And then a little bit later he says, those are some

principles that I believe in and I think we should look to countries like Denmark, like

Sweden, like Norway, and learn from what they have accomplished for their working people.

The socialists of old believed in nationalization of the means of production.

So in that sense Senator Sanders is actually an

improvement on all old socialists. All he believes is he doesn't believe in

nationalization of factories and means of production.

What he talks about is taking away the product, the produce of the private sector,

and then redistributing it in ways that the government, in the ways that suits the government.

It is true that Scandinavian countries have higher rates of taxation and the higher rates of redistribution.

But it is also true that they are much more free market and much more capitalistic than Sanders is willing to admit.

For example, Sanders is a lifelong trade protectionist.

He would like to increase tariffs on imports and his favorite country Denmark has

...